Medicare hospital payments to increase

Nov. 9, 2012 at 5:14 PM   |   Comments

BALTIMORE, Nov. 9 (UPI) -- U.S. government officials said they finalized out-patient Medicare hospital payment increases, which go into effect Jan. 1.

The Hospital Outpatient Prospective Payment System and Ambulatory Surgical Center updates Medicare payment policies and rates for hospital out-patient and Ambulatory Surgical Center services beginning Jan. 1.

The Centers for Medicare and Medicaid Services, part of the U.S. Department of Health and Human Services, said the payment increase affects hospital out-patient departments in more than 4,000 U.S. hospitals including: general acute care hospitals, in-patient rehabilitation facilities, in-patient psychiatric facilities, long-term acute care hospitals, children's hospitals and cancer hospitals, as well as 5,000 Medicare-participating Ambulatory Surgical Centers.

The Medicare hospital out-patient departments payments will increase 1.8 percent. The increase is based on the projected hospital market basket -- an inflation rate for goods and services used by hospitals -- of 2.6 percent, minus 0.8 percent in statutory reductions, including a 0.7 percent adjustment for economy-wide productivity and a 0.1 percentage point adjustment required by statute, officials said.

Ambulatory Surgical Center payment rates will increase 0.6 percent -- the projected rate of inflation of 1.4 percent minus a 0.8 percent productivity adjustment required by law, officials said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
Daughters more likely than sons to care for elder parents
India asks Pepsi to cut down on sugar in its soft drinks
Child vaccination rates are high, CDC says
Yoga guru BKS Iyengar dies at 95
NIH to test safety of Ebola vaccine candidate
Trending News